The following information relates to David Pande Co for the
The following information relates to David Pande Co. for the year 2014.
Owner’s capital, January 1, 2014 .......... $48,000
Owner’s drawings during 2014 .......... 6,000
Service revenue ................ 63,600
Salaries and wages expense ............ 29,500
Advertising expense ............... $ 1,800
Rent expense .................. 10,400
Utilities expense ................ 3,100

Instructions
After analyzing the data, prepare an income statement and an owner’s equity statement for the year ending December 31, 2014.

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